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Oshkosh Corporation Renames Defense Segment to Transport Segment and Appoints Steve Nordlund as President

1. Oshkosh renamed its Defense segment to Transport, focusing on tactical vehicles. 2. The Transport segment expands into commercial markets with USPS's NGDV contract. 3. Steve Nordlund appointed as president of the Transport segment, effective July 14. 4. Nordlund's experience includes leadership roles in aerospace and defense industries. 5. Oshkosh aims for accelerated growth and margin expansion under Nordlund's leadership.

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FAQ

Why Bullish?

The restructuring of the segment and leadership change signals strategic growth plans, similar to past transformations that resulted in improved market performance.

How important is it?

New leadership and strategic direction in a rebranded segment show potential for future revenue growth.

Why Long Term?

The changes are likely to yield results over time, as market adaptations and new contracts take effect.

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BALMTNOC
- OSHKOSH, Wis.--(BUSINESS WIRE)--Oshkosh Corporation (NYSE: OSK), a leading innovator of purpose-built vehicles and equipment, today announced the renaming of its Defense segment to the Transport segment. The Transport segment will continue to deliver leading tactical wheeled vehicles and mobility solutions to defense customers. Additionally, it will focus on expanding into commercial markets, exemplified by Oshkosh's Next Generation Delivery Vehicle (NGDV) contract for the United States Postal Service (USPS). The Full Rate Production (FRP) milestone for the contract is expected later this year.Oshkosh Corporation has appointed Steve Nordlund as executive vice president and president of its Transport segment.Share In conjunction with this transition, Oshkosh Corporation has appointed Steve Nordlund as executive vice president and president of its Transport segment effective July 14. Nordlund brings over 25 years of leadership experience in the aerospace, defense and mobility industries, including senior roles at Boeing where he led the Air Dominance division and drove cutting-edge R&D initiatives supporting advanced military technologies. “We’re pleased to have an executive of Steve’s experience and caliber join the Oshkosh team,” said John Pfeifer, president and CEO of Oshkosh Corporation. “Steve brings a strong, people-focused leadership style and a proven ability to deliver growth and operational excellence through clear, strategic direction.” “Oshkosh Corporation is an enduring and storied organization, and I am honored to be a part of such a remarkable team,” said Steve Nordlund. “The business is well-positioned to deliver accelerated growth and margin expansion as we leverage our differentiated purpose, culture and capabilities.” For more information on Oshkosh Corporation please visit www.Oshkoshcorp.com. About Oshkosh Corporation At Oshkosh (NYSE: OSK), we make innovative, mission-critical equipment to help everyday heroes advance communities around the world. Headquartered in Wisconsin, Oshkosh Corporation employs over 18,000 team members worldwide, all united behind a common purpose: to make a difference in people’s lives. Oshkosh products can be found in more than 150 countries under the brands of JLG®, Pierce®, MAXIMETAL, Oshkosh® S-Series™, Oshkosh® Defense, McNeilus®, IMT®, Jerr-Dan®, Frontline™ Communications, Oshkosh® Airport Products, Oshkosh AeroTech™ and Pratt Miller. For more information, visit oshkoshcorp.com. ®, ™ All brand names referred to in this news release are trademarks of Oshkosh Corporation or its subsidiary companies Forward Looking Statements This news release contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this news release, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions, and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include risks related to the Company’s ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this news release. The Company assumes no obligation, and disclaims any obligation, to update information contained in this news release. Investors should be aware that the Company may not update such information until the Company’s next quarterly earnings conference call, if at all. More News From OSHKOSH CORPORATION

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